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☆ Factbox: How Alibaba's six new business units stack up
▼ + stars: | 2023-03-28 | by ( ) www.reuters.com time to read: +4 min

The company's CEO Daniel Zhang said the business units will each be free to pursue funding and IPOs independently, which points to a possible carving out in the future. Below are the six divisions:TAOBAO TMALL COMMERCE GROUPThe Taobao Tmall Commerce Group will cover Alibaba's domestic-facing e-commerce marketplaces, which make up over two-thirds of Alibaba's total revenue. Despite the scale of Alibaba's e-commerce operations, growth in the business has slowed. Taobao Tmall Commerce Group will remain wholly owned by Alibaba Group after the restructuring, the company said, even as the other units will be free to seek fundraisings and listings. Daniel Zhang, current chairman and CEO of Alibaba Group, will serve as CEO of the Cloud Intelligence Group.

☆ Goldman Sachs says it doesn't expect a Fed interest rate hike in March after Silicon Valley Bank's implosion
▼ + stars: | 2023-03-13 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Goldman Sachs now doesn't expect the Fed to hike interest rates at its next meeting on March 21-22. But the aftermath of the implosion of Silicon Valley Bank is causing uncertainty about the banking sector. Goldman Sachs now doesn't expect the Federal Open Market Committee to hike interest rates at its next two-day meeting on March 21 and 22. But, because the prices of bonds have an inverse relationship to interest rates, SVB was facing a $1.8 billion loss on the sale. And Goldman Sachs analysts aren't the only ones who think the Fed's interest rate decisions could be affected by Silicon Valley Bank's collapse.

☆ Brokers team up on new platform to boost retail interest in UK capital markets
▼ + stars: | 2023-02-02 | by ( Huw Jones | ) www.reuters.com time to read: +2 min

LONDON, Feb 2 (Reuters) - Investment firms and brokers in Britain teamed up on Thursday to back a new standalone retail platform to strengthen access for small investors to the UK capital market. "The collaboration of market participants using this service is an important step towards the more equitable inclusion of retail investors in UK capital markets," said a joint statement from brokers. One aim is to make it easier for retail investors to participate in capital markets, a step the European Union is also working on, with legislative proposals due in April. The government has said it will implement recommendations from a review of secondary capital markets to overhaul company fundraisings and give more access to retail investors. REX enables retail investors to participate in capital markets transactions such as initial public offers and follow-on equity offerings through retail brokers and wealth managers.

☆ Capella Space raises $60 million from fund run by billionaire entertainment exec Thomas Tull
▼ + stars: | 2023-01-10 | by ( Michael Sheetz | ) www.cnbc.com time to read: +1 min

San Francisco-based satellite imagery specialist Capella Space raised $60 million in fresh capital, the company announced on Tuesday. Capella raised the equity from the U.S. Innovative Technology Fund, a recently established private investment vehicle of billionaire Thomas Tull. Capella is the fund's first space investment, Tull told CNBC. The latest raise brings Capella to about $250 million in total equity and debt financing since its founding in 2016.

☆ Emerging markets, M&A, and new services: here are the key trends to watch in the fast-changing payments space
▼ + stars: | 2019-09-23 | by ( Shannen Balogh | ) www.businessinsider.com time to read: +11 min

Emerging markets, led by Latin America, powered 6% growth in global payments revenue last year, according to a brand new report from McKinsey. Consulting firm McKinsey & Company published its 2019 Global Payments Map report on Monday at the Sibos conference in London. It flagged strong growth in areas of global payments revenue, and drilled down into changes that legacy financial institutions may need to make to capture some of the broader space. Emerging markets driving revenue growthMcKinsey expects payments revenues to top $2.7 trillion by 2023. One key factor of growth here is the increase in electronic payments, especially in emerging markets, the report said.

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